News Briefs

Aug 5, 2019

✦ CMS said July 30 the Medicare Part D national average monthly bid amount for 2020 is $47.59, the 2020 Part D base beneficiary premium is $32.74, and the de minimis amount is $2. For the third year in a row, the average basic premium for Part D prescription drug plans (PDPs) is projected to decline, the agency noted. Over the three years, average Part D basic premiums have dropped by 13.5%, saving beneficiaries about $1.9 billion in premium costs over that time period, CMS said. The agency added that the continued decline in Part D bid amounts over the past few years has saved taxpayers nearly $6 billion in lower Medicare premium subsidies.

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